USD/TRY 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The USD/TRY cross has good chances to commence a reliable rebound in the next few days, by sending the exchange rate in the direction of the red trend-line at 3.0834. Bullish expectations are strongly backed by hourly and daily technical indicators, with the former giving "buy" signals in five out of eight cases. Moreover, the upward risk is underpinned by the distribution between long (30%) and short (70%) positions in the SWFX market. In case more purchases occur, the first supply to meet will be placed at 3.0615/29 (daily R3 and weekly R2), followed by the pattern's upper edge. In the meantime, any possible loss will be estimated to get some support from 200-hour SMA at 3.0178.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 15 Jan 2016 14:45:10 GMT

AUD/CAD 4H Chart: Channel Up

AUD/CAD managed to change hands below parity on the first day of this working week. Since then all gains have overcome a major cluster of resistances at 0.9943/66 and pushed the pair somewhat above the 1.00 mark. According to the weekly technical indicators, the Aussie is set to surge in course of the next trading week. The bulls are initially

Fri, 15 Jan 2016 07:45:06 GMT

EUR/AUD 4H Chart: Channel Up

The channel emerging in the four-hour chart of EUR/AUD is still of low quality, but our attention was also drawn by the ascending triangle forming between the parallel trend-lines. Judging by the situation, there is likely to be a rally from 1.5570 up to the red trend-line, but after the test the bears should gain control of the pair and

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.